Theft

Theft

Asset Sales: Once
you'vecorruptedgovernments to thisdegree, youmight as well
go wholehog.
Sovereigndebt,
for the most part, isunsecured.
If it defaults, the lender has no recourse.
So whyisGreece'sgovernmentbeingforcedinto "asset
sales"?Because,
whenyou'vealreadygotthembent
over, youdon'tjust stop halfway.Whenyougetmugged
in an alley, does
the muggeronlytakehalfyour money?

From :

Watch How They Steal The Moneyby Nathan Lewis - New World EconomicsPublished : August 15th, 2011The amount of theft going on these days is
immense. I thought I would catalog at least a few ways in
which it is happening in Europe.

Asset Sales: Once you'vecorruptedgovernments to thisdegree, youmight as well go wholehog. Sovereigndebt, for the most part, isunsecured. If it defaults, the lender has no recourse. So whyisGreece'sgovernmentbeingforcedinto "asset sales"?Because, whenyou'vealreadygotthembent over, youdon'tjust stop halfway.Whenyougetmugged in an alley, does the muggeronlytakehalfyour money?

From :

Watch How They Steal The Moneyby Nathan Lewis - New World EconomicsPublished : August 15th, 2011The amount of theft going on these days is immense. I thought I would catalog at least a few ways in which it is happening in Europe.